Properties of the iterative optimization-equilibrium algorithm

Abstract
This paper shows that the iterative optimization-equilibrium algorithm used to solve the continuous network design problem does not solve the original Abdulaal-LeBlanc normative network design model, but rather is an exact and efficient solution procedure for a descriptive model in which the planner and the network users compete in a Cournot-Nash setting. The existence of a solution to this descriptive model is proved, numerical results which illustrate convergence and efficiency of the algorithm are given, and suggestions for future research are made.

This publication has 16 references indexed in Scilit: